India, Russia Finalise Deal To Manufacture AK-47 203 Rifles: Report

Moscow:

India and Russia have finalised a serious deal for manufacturing AK-47 203 rifles in India throughout Defence Minister Rajnath Singh’s ongoing go to to Moscow, the official Russian media reported immediately.

The AK-47 203 is the most recent and most superior model of the AK-47 rifle, which can change the Indian Small Arms System (INSAS) 5.56×45 mm assault rifle.

The Indian Military has a requirement for round 770,000 AK-47 203 rifles, of which 100,000 might be imported and the remaining might be manufactured in India, Russia’s state-run Sputnik information company mentioned.

There was no official affirmation from the Indian authorities on the finalisation of the deal.

The rifles might be manufactured in India as a part of the three way partnership Indo-Russia Rifles Personal Restricted (IRRPL), established between the Ordnance Manufacturing facility Board (OFB), the Kalashnikov Concern and Rosoboronexport — the Russian state company for army exports, it mentioned.

The OFB would personal a majority stake of 50.5 per cent in IRRPL whereas the Kalashnikov Group would have a 42 per cent share. Russia”s state-owned export company, Rosoboronexport, would personal the remaining 7.5 per cent, the report mentioned.

The 7.62*39 mm Russian weapon might be produced on the Korwa Ordnance Manufacturing facility in Uttar Pradesh, which was inaugurated by Prime Minister Narendra Modi final 12 months, the report mentioned.

The price of per rifle is predicted to be round $1,100, together with the price of expertise switch and of establishing the manufacturing unit, in line with the report.

The INSAS, which is use since 1996, has developed some points corresponding to jamming and journal cracking at increased altitudes within the Himalayas, the Sputnik report mentioned.

(Aside from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)